Morgan Stanley axes bond traders in Singapore as part of global chop
At least 9 people in the fixed income, currencies and commodities unit here told to go; globally, 1,200 affected
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Singapore
MORGAN Stanley has fired traders in the fixed income, currencies and commodities (FICC) unit in Singapore this week, with the job cuts roughly at 25 per cent of the division's headcount, The Business Times understands.
A source close to the situation said the cuts are aligned with the overall percentage of job losses in the company's FICC unit worldwide. It is understood from a second source that at least nine FICC traders out of about 20 were axed this week.
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